(Reuters) -Broadcaster Fox Corp beat analysts’ estimates for second-quarter revenue on Wednesday, helped by an increase in sports licensing on the company’s networks, sending the company’s shares up 5%.
The company reported revenue of $4.23 billion, compared with analysts’ estimates of $4.20 billion, according to LSEG data.
Fox Corp recorded advertising revenue of $2 billion in the quarter, beating estimates of $1.96 billion.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shounak Dasgupta)
Comments